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Cirrus Logic (CRUS) Looks Good: Stock Adds 6% in Session

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Cirrus Logic, Inc.CRUS was a big mover last session, as its shares rose a little over 6% on the day. The move came after the company reported fiscal third-quarter 2017 net income of $122 million and also the results exceeded Wall Street expectations. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $55.60 to $61.74 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cirrus Logic currently carries a Zacks Rank #3 (Hold).

Cirrus Logic, Inc. Price

Cirrus Logic, Inc. Price | Cirrus Logic, Inc. Quote

A better-ranked stock in the Electronics - Semiconductors space is Dialog Semiconductor Plc DLGNF , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

Is CRUS going up? Or down? Predict to see what others think: Up or Down

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Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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